AirJoule Technologies (NASDAQ:AIRJ) Trading Up 1.9% – What’s Next?

AirJoule Technologies Corporation (NASDAQ:AIRJ)’s stock price rose 1.9% during mid-day trading on Wednesday . The company traded as high as $6.25 and last traded at $5.95. 2,827,707 shares traded hands during trading, an increase of 195% from the average session volume of 959,752 shares. The stock had previously closed at $5.84.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Seaport Research Partners started coverage on AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, B. Riley Financial assumed coverage on AirJoule Technologies in a report on Thursday, April 30th. They set a “buy” rating and a $6.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies Stock Performance

The company has a market cap of $428.61 million, a P/E ratio of -5.19 and a beta of 0.86. The firm has a 50 day moving average price of $4.62 and a 200-day moving average price of $3.78.

AirJoule Technologies (NASDAQ:AIRJ) last posted its earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.68). On average, sell-side analysts forecast that AirJoule Technologies Corporation will post -0.14 EPS for the current fiscal year.

Institutional Trading of AirJoule Technologies

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in AirJoule Technologies in the 2nd quarter worth $31,000. Group One Trading LLC bought a new stake in AirJoule Technologies during the second quarter valued at about $42,000. Fagan Associates Inc. bought a new stake in AirJoule Technologies during the fourth quarter valued at about $46,000. Abel Hall LLC acquired a new stake in shares of AirJoule Technologies in the fourth quarter valued at about $46,000. Finally, Invesco Ltd. acquired a new stake in shares of AirJoule Technologies in the second quarter valued at about $50,000. 63.65% of the stock is owned by institutional investors.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.